CU Boulder-founded quantum technology developer ColdQuanta has attracted series A funding to follow a $16.8m seed round closed two years ago.
ColdQuanta, a US-based quantum core technology spinout of University of Colorado, (CU) Boulder, has secured $32m in a series A round co-led by Global Frontier Investments and LCP Quantum Partners.
The round included Maverick Ventures and Foundry Group and the company said it has now raised almost $49m altogether.
Founded in 2018, ColdQuanta uses lasers to produce quantum cores where multiple quantum states are able to co-exist in a form known as superposition, enabling performance in areas such as quantum computers, communications and meteorology to be upgraded.
ColdQuanta will use the series A funding for product development and expects to follow up on contracts it has secured in the US and internationally. It recently launched a cloud computing platform for experiments in quantum matter.
ColdQuanta’s chief technology officer is Dana Anderson, professor of physics at CU Boulder. Tyler Brous, managing director and portfolio manager at Lennox…
